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News Burst: Internet Christmas sales to skyrocket

Matthew Broersma ZDNet.co.uk

Published: 10 Nov 1999 11:05 GMT

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US Internet gift sales may hit $15bn (£9.3bn) this Christmas season, according to a report from accountants Ernst & Young. The group estimates sales will be between $12bn and $15bn, based on a survey of 1,200 US consumers. The figure is far above conventional estimates of $6bn to $9bn.

See the e-commerce special for more business news.

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